The finance industry provides economic services to other businesses, including banks, credit-card companies, insurance companies, etc. With the integration of digitalisation into the finance sector, newer opportunities for growth and the need to overcome the challenges of transformation are on the rise. The business and finance sectors are on the lookout for talented individuals who can adapt well to the continuously evolving nature of the finance industry. If this sounds like the perfect career for you, pursuing business and finance courses in Canada can be the right choice. In this guide, we will look into the different types of business and finance courses in Canada, top colleges providing these courses, their eligibility criteria, tuition fees, etc.
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Top Colleges for Business & Finance Courses in Canada
The following are some of the top colleges and universities that provide business and finance courses in Canada:
George Brown College – Toronto
George Brown College provides post-secondary education with real-world learning and opportunities to work with professionals in the industry, making it one of the best colleges in Canada. The college offers several graduate certificate and diploma programs for international applicants. The following is an overview of some of the finance courses offered by this college:
- Business – Finance
- Business Administration – Finance
- Honors Bachelor of Commerce (Financial Services) Program
This program from the School of Accounting & Finance is designed to help students gain skills aligned with the financial services sector. This finance program trains students in customer service skills, imparting knowledge on financial planning, financial management, risk management, investment management, retirement planning, estate planning, life insurance, and call centre operations. The program admits entries during January and September. The tuition fee is around $15,190 for 2 semesters. It is a 3-year advanced diploma program. This course is an advanced version of the above diploma program. The college works along with top employers and partners in the industry to help students gain proper work experience and the programme accepts entries during January and September. The tuition fee is around $22,785 for 3 semesters. It is a 4-year honors bachelor’s degree program with 1 compulsory co-op term. After completing the first year of study, students can choose the Accounting or Financial Planning specialization. The course accepts entries during January and September each year. Applicants of this program can apply for OSAP funding if they meet the eligibility requirements for the funding. The tuition fee is around $18,190 for 2 semesters.
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Concordia University – Montreal
Concordia University ranks at No. 477 in the QS – World University Ranking 2021, between 601 – 800 in the Times Higher Education University Rankings 2021, and at 670 in the US News & World Report – Global University. The university offers the following financial courses:
- Bachelor of Commerce – Finance
The course lasts for 3 years, and the entry is during fall and winter. The university has a co-op program that allows students to gain work experience in their selected field for 12 to 16 weeks. The university provides Concordia University Canadian Securities that helps students of commerce gain knowledge and experience in their selected field of work. The tuition fee for the commerce degree is around $37,631.
Centennial College – Toronto
The Centennial College in Toronto offers the following business finance courses:
- Business Administration – Finance
It is a 3-year (6 semesters) advanced diploma that accepts student entries in fall, winter, and summer. The course will help you gain knowledge in the key areas of finance, including accounting, information systems, production, human resources, auditing, and key areas of business such as financial analysis, entrepreneurship, etc. This course serves as a pathway to CSC and other finance-related degrees such as MBA. The tuition fee is around $15,385 per year.
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Canadian Securities Institute – Toronto
The Canadian Securities Institute (CSI) is an organisation in Canada that provides licensing courses, advanced certifications, continuing education, and training for financial services professionals working in Canada or elsewhere. CSI delivers over 170 courses in different areas of interest such as retail banking, financial planning, insurance, investment management, etc. The Canadian Securities Course is an important certificate issued by CSI. The fee is around $1300 for the entire course.
Seneca College – Toronto
Seneca College offers a 3-year advanced diploma in Accounting & Finance. The course accepts entries in January, May, and September each year. The course aims to provide in-depth knowledge in taxation, accounting, financial management, auditing, taxation requirements, etc. Students with good academic records have the opportunity of completing a co-op term. The tuition fee is around $15,133 per year.
Alberta School of Business – Alberta
The Alberta School of Business offers extensive BCom courses that are the largest in Canada, with over 5 different degree types and 16 majors. Students who apply for the MBA programme can choose to specialise in finance. The program also allows students to complete 4 months of internship work between their first and second years of study. The tuition fee is around $30,000 each year. The school offers bursaries for selected students, such as the HSBC International Business Award, Joseph and Melitta Kandler Scholarship, etc. You can also get a Post Graduation Work Permit (PGWP) to earn while you study. The education pathway of all of the above courses leads to business administration – finance, a 3-year advanced diploma. Other credentials and/or certificates that students can pursue include:
- Qualified Associate Financial Planner (QAFP) – It can be obtained through FP Canada
- Canadian Securities Course (CSC) – It can be obtained through the Canadian Securities Institute
- Life License Qualification Program (LLQP)
Educational Requirements for Business & Finance Courses in Canada
The following are the eligibility or educational requirements for Indian students who want to pursue business and finance courses in Canada:
- The student must have graduated from their senior secondary education.
- They must have scored a minimum of 60% overall in all streams of the Grade 10 and Grade 12 examinations.
- A minimum score of 50% in the 10th or 12th examination
- Work experience may be required for some courses
- Some courses like MBA in finance may require aptitude test scores, like GMAT, GRE, etc.
Documents to be Submitted
- Mark sheet and certificate of Grade 10
- Mark sheet and certificate of Grade 12
English Language Requirements
The following are the eligibility requirements for an international student to prove proficiency in English:
- IELTS Score – A minimum score of 6.0
- TOEFL Score – A minimum score of 80
- Duolingo English Test Score – A minimum score of 105
- MELAB Score – A minimum score of 80
- Pearson Test of English (PTE) Score – A minimum score of 54
- CAEL Score – A minimum score of 60
- Cambridge English Exam Score – A minimum score of 169
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Application Process
The following are the steps in applying for business and finance courses in Canada in any of your desired educational institutions:
- Visit the website of the university or college you want to study at.
- Carefully check all the eligibility requirements, course details, and tuition fees before choosing to apply for the course.
- Click on the application form and fill in the required details as instructed in the form.
- Upload any relevant documents and transcripts required by the application.
- Some universities require you to email the documents.
- Once the application is submitted, it is reviewed by a faculty of the college or university.
- If the faculty finds your application satisfactory, you will receive a conditional offer letter within two weeks from the date of application.
- Once you pay the fee for the course, your admission will be confirmed.
- You can then apply for your student visa or permit using the acceptance letter you received from the university
Conclusion
With rapid changes and new opportunities arising in the financial service sector, the need for financial professionals with the zeal to face challenges and obstacles has greatly increased. Now is the right time to make use of the opportunity by pursuing a degree in finance in Canada. Check out this LeapScholar blog to help you create the perfect SOP for your Canadian visa and kickstart your journey now.
Frequently Asked Questions
What are the career options for students of Business and Finance courses in Canada?
Students who graduate from different majors of business and finance courses in Canada can take up roles such as:
Financial advisor
Investment advisor
Financial planner
Financial services representative
Customer service representative
Accountants
Mutual funds advisor
Do graduates of Business and Finance courses in Canada need any other certification to practise as a financial planner?
A financial planner does not necessarily have to obtain a specialised certification or license to work. However, a specialized designation in Certified Financial Planner (CFP), Chartered Financial Analysts (CFA), and Chartered Financial Consultant (ChFC) has additional benefits for holders of these certifications. Some of the top financial companies prioritize hiring employees with these certifications. The certifications also provide additional training and financial skills to individuals, making new career opportunities available to them.
What is the average base salary for graduates of Business and Finance courses in Canada?
The average base salary for a financial planner is $60,041, and for a certified financial planner in Canada, it is $72,308 per year.
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